Norwood Financial Corp. (NASDAQ:NWFL) Receives Average Rating of “Moderate Buy” from Brokerages

by · The Markets Daily

Shares of Norwood Financial Corp. (NASDAQ:NWFL – Get Free Report) have earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $28.50.

Several brokerages have issued reports on NWFL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Norwood Financial in a research note on Monday. Wall Street Zen raised Norwood Financial from a “hold” rating to a “buy” rating in a report on Tuesday, October 28th. Finally, Zacks Research upgraded Norwood Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd.

View Our Latest Stock Report on NWFL

Insider Transactions at Norwood Financial

In other news, Director James Shook bought 3,800 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were purchased at an average price of $26.71 per share, for a total transaction of $101,498.00. Following the completion of the acquisition, the director owned 4,830 shares of the company’s stock, valued at approximately $129,009.30. This trade represents a 368.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 8.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Norwood Financial by 12.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 2,628 shares in the last quarter. Nuveen LLC bought a new stake in shares of Norwood Financial during the first quarter valued at approximately $319,000. Wellington Management Group LLP grew its stake in Norwood Financial by 2.1% in the first quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider’s stock worth $15,248,000 after purchasing an additional 12,815 shares during the period. Corebridge Financial Inc. raised its holdings in Norwood Financial by 13.0% in the first quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 468 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Norwood Financial by 18.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock valued at $119,000 after buying an additional 765 shares during the period. 28.08% of the stock is currently owned by institutional investors.

Norwood Financial Price Performance

Shares of NASDAQ NWFL opened at $29.80 on Wednesday. The stock’s 50-day simple moving average is $27.15 and its two-hundred day simple moving average is $26.12. Norwood Financial has a twelve month low of $21.25 and a twelve month high of $30.68. The firm has a market capitalization of $275.95 million, a P/E ratio of 45.85 and a beta of 0.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.31.

Norwood Financial (NASDAQ:NWFL – Get Free Report) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.26. Norwood Financial had a net margin of 6.82% and a return on equity of 10.68%. The business had revenue of $22.96 million for the quarter, compared to the consensus estimate of $22.10 million. During the same period last year, the firm posted $0.48 earnings per share. As a group, equities analysts anticipate that Norwood Financial will post 2.51 EPS for the current fiscal year.

Norwood Financial Company Profile

(Get Free Report)

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest-bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits.

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